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Policybazaar readying for an IPO by the end of 2018
CEO Yashish Dahiya says insurance comparison website Policybazaar is close to raising a pre-IPO round of about $50 million from new and existing investors
Updated on: Mar 24, 2017, 18:34:49 IST
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Policybazaar, an insurance comparison website run by EtechAces Marketing and Consulting Pvt. Ltd, has turned profitable and is readying itself for an initial public offering (IPO) by the end of 2018, a top company executive said.
The company is also close to raising a pre-IPO (initial public offering) round of about $50 million from new and existing investors, chief executive Yashish Dahiya said in an interview.
The eight-year-old company broke even in November 2016 and expects significant growth in profits on net basis in the year ending 31 March 2018.
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